Replies to post #2089 on CirTran Corporation (CIRX)

[TheBigCat]

Harry

I think you've got that a little backwards. Strike prices only get exercised when the related stock is equal to or above the strike price, otherwise why would they exercise? (they could just buy the stock on open market).

Regarding this:

http://secfilings.nasdaq.com/filingFrameset.asp?FileName=0001096906%2D08%2D000388%2Etxt&FilePath=%5C2008%5C03%5C05%5C&CoName=CIRTRAN+CORP&FormType=8%2DK&RcvdDate=3%2F5%2F2008&pdf=

If there are 1.03 Billion shares outstanding, then the additional 75MM shares is a 7.3% dilution but only after all the warrants are exercised. Haya would have then 'invested' the $700K loan into Cirtran as well as $15,500,000 in common stock into the company, which is more than double our current market cap. I'll take that kind of dilution any day. Oh, and ya gotta love those escallating strike prices BEGINNING at a level that is 33% higher than the stock traded yesterday.

Sure would love to hear some reports from management in the interim. The PlayBev arrangement looks like it has legs, and I don't just mean the type of legs attached to bunnies!

TheBigCat